Ahmed Altuwayjiri, chief of staff of the vice-minister's office of Saudi Arabia's Ministry of Communications and Information Technology, told deal-signing participants of the Saudi strength in attracting investments and talent.

Nicolas Aguzin, CEO of Hong Kong Exchanges and Clearing, said that investors around the world are aware of the economic importance of Asia. He said that as Saudi Arabia is diversifying its economy and moving from energy toward technology, Hong Kong is in a unique position to help with this as it is "the most international city of China".

"In Hong Kong, we have the right channels, platforms, and products," Aguzin said, adding that greater collaboration between China and the Middle East can help build connectivity and promote progress.